A customer at a branch of ACB in Ha Noi. ACB accounted for 4.9 per cent of VOF’s total net asset value (NAV) at the end of October, equivalent to nearly US$46.3 million. — Photo vietnambiz.vn VinaCapital Vietnam Opportunity Fund (VOF), the flagship fund of VinaCapital, announced that Asia Commercial Bank (ACB) had become its 5th largest investment. VOF said it continued to buy more shares of ACB in October. This is the 6th largest bank by market capitalisation in Viet Nam and a leading commercial bank in the retail and small and medium enterprise (SME) segments. With its experience in the development of digital banking, VinaCapital said it would share such insights with ACB’s leaders. ACB accounted for 4.9 per cent of VOF’S total net asset value (NAV) at the end of October, equivalent to nearly US$46.3 million. ACB is currently listed on the HNX but the bank has submitted an application to transfer listing to HoSE in mid-October. VinaCapital expects the bank to be listed on HoSE in December 2020 or January 2021 and may enter the VN-30 basket, which consists of the 30 largest companies listed on HoSE in terms of market capitalisation. According to the 9-month… Read full this story
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